logo
  

Hammerson Confirms Talks On Possible Disposal Of Silverburn - Quick Facts

Responding to recent press speculation, British Real estate investment trust Hammerson PLC (HMSO.L) Monday confirmed that it is in discussions on terms of a possible disposal of Silverburn, its flagship destination near Glasgow.

Hammerson added that the pricing under discussion is 140 million pounds, which would represent a class 2 transaction. Meanwhile, there can be no certainty that a transaction will take place, it said.

Silverburn is held in a 50/50 JV with CPPIB.

The company noted that disposals of non-core assets remains a near-term priority to continue to strengthen the balance sheet, re-balance the portfolio and to enable the company to re-cycle capital for investment.

The company will provide a further update in due course, if appropriate.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Oilfield services company Schlumberger Ltd. reported Friday a profit for the fourth quarter that surged 61 percent from last year, reflecting 13 percent higher revenues amid growth across all segments and regions. Both adjusted earnings per share and quarterly revenues topped analysts' estimates. Twitter Inc. has launched a new feature to allow some users of its Blue subscriber service to keep non-fungible tokens or NFTs as their profile pictures. Twitter Blue is now available in the US, Canada, Australia, and New Zealand. NFT is a crypto token, which is non-fungible, meaning that it can neither be transferred like money nor replaced with something else. Frozen Food Development is recalling specific lots of Lidl branded 12-ounce packages of Frozen Chopped Spinach citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The product comes in 12-ounce poly bags, and items included in the recall are marked with lot # R17742 or R17963 on the back of the poly bag with a best by date of 09/10/23.
RELATED NEWS
Follow RTT